Bloom Energy Co. (NYSE:BE) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,381,334 shares of the company's stock after selling 148,583 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.49% of Bloom Energy worth $35,707,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Mizuho Markets Americas LLC boosted its position in shares of Bloom Energy by 8.2% during the third quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock valued at $4,335,000 after buying an additional 31,189 shares during the last quarter. Parametrica Management Ltd bought a new position in Bloom Energy during the 3rd quarter valued at about $785,000. Penserra Capital Management LLC boosted its holdings in shares of Bloom Energy by 20.7% during the 3rd quarter. Penserra Capital Management LLC now owns 165,660 shares of the company's stock valued at $1,749,000 after acquiring an additional 28,416 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Bloom Energy by 1,490.8% in the third quarter. International Assets Investment Management LLC now owns 185,328 shares of the company's stock worth $19,570,000 after acquiring an additional 173,678 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Bloom Energy by 148.8% during the third quarter. Oppenheimer & Co. Inc. now owns 130,418 shares of the company's stock valued at $1,377,000 after purchasing an additional 78,009 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,289 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the completion of the sale, the insider now owns 168,561 shares of the company's stock, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kr Sridhar sold 72,903 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the transaction, the chief executive officer now owns 1,869,593 shares in the company, valued at approximately $46,777,216.86. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,975 shares of company stock valued at $3,045,019 in the last three months. Company insiders own 8.81% of the company's stock.

Bloom Energy Trading Down 1.2 %

Shares of BE traded down $0.32 during mid-day trading on Thursday, reaching $25.96. 5,941,196 shares of the company's stock traded hands, compared to its average volume of 6,549,944. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $28.70. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The stock has a market cap of $5.93 billion, a P/E ratio of -46.36 and a beta of 3.04. The stock's 50-day moving average is $15.15 and its two-hundred day moving average is $13.62.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BE. Bank of America lowered their price objective on shares of Bloom Energy from $8.00 to $7.00 and set an "underperform" rating on the stock in a research note on Thursday, November 7th. Marathon Capitl upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. BMO Capital Markets boosted their price objective on shares of Bloom Energy from $12.00 to $19.50 and gave the company a "market perform" rating in a research report on Friday, November 15th. UBS Group upped their price objective on Bloom Energy from $21.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Hsbc Global Res upgraded Bloom Energy to a "hold" rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.14.

Bloom Energy Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.